U.S. stock futures are lower in pre-market trading for Friday, January 10.The Nasdaq Futures are trading at 6,653.00 with a loss of -0.51% percent or –34.00 point.The S&P 500 Futures are trading at 25,295.00 with a loss of -0.31% percent or -78.00 point.The Dow Futures are trading at 6,658.75 with a loss of -0.42% percent or -28.25 point.
In overnight trading in the Eastern Hemisphere, Japan’s Nikkei 225 are trading at 23,788.20 with a loss of -0.26% percent or -61.79 point. Hong Kong’s Hang Seng are trading at 31,073.72 for up with +0.20% percent or +62.31 point. China’s Shanghai Composite are trading at 3,421.83 for up with +0.23% percent or +7.93 point. India’s BSE Sensex are trading at 34,366.42 with a loss of -0.22% percent or +76.77 point at 12:15 PM.The FTSE 100 are trading at 7,723.22 with a loss of -0.10% percent or -7.80 point. Germany’s DAX are trading at 13,292.44 with a loss of -0.70% percent or -93.15 point. France’s CAC 40 are trading at 5,510.10 with a loss of -0.25% percent or -13.84 point. The Stoxx Europe 600 are trading at 398.76 with a loss of -0.34% percent or -1.41 point.
Wednesday’s Factors and Events
Lennar Corp. (LEN.B) revealed earnings for fourth quarter that dropped from last year.
The company said its earnings totaled $309.59 million, or $1.29 per share. This was down from $313.45 million, or $1.3 per share, in last year’s fourth quarter.Analysts had expected the company to earn $1.48 per share, according figures compiled by Thomson Reuters. Analysts’ estimates typically exclude special items.
The company said revenue for the quarter rose 12.1% to $3.79 billion. This was up from $3.38 billion last year.
-Earnings (Q4): $309.59 Mln. vs. $313.45 Mln. last year. -Earnings Decline (Y-o-Y): -1.2%
-EPS (Q4): $1.29 vs. $1.34last year.
-EPS Decline (Y-o-Y): -3.7%
-Analysts Estimate: $1.48
-Revenue (Q4): $3.79 Bln vs. $3.38 Bln last year.
-Revenue Change (Y-o-Y): 12.1%
U.S. market were higher on Tuesday. For the day the Dow Jones Industrial Average closed at 25,385.80 for up with +0.41% percent or +102.80 point. The S&P 500 closed at 2,751.29 for up with +0.13% percent or +3.58 point. The Nasdaq Composite closed at 7,163.58 for up with +0.09% percent or +6.19 point.
Other leading market index closes included the small-cap Russell 2000 Index closed at 1,560.10 with a loss of -0.11% percent or -1.71 point; the S&P 600 Small-Cap Index closed at 949.60 with a loss of -0.06% percent or -0.59 point; the S&P 400 Mid-Cap Index closed at 1,942.50 with a loss of -0.19% percent or -3.61 point; the S&P 100 Index closed at 1,218.12 for up with +0.17% percent or +2.02 point; the Russell 3000 Index closed at 1,625.92 for up with +0.10% percent or +1.57 point; the Russell 1000 Index closed at 1,523.57 for up with +0.11% percent or +1.73 point; and the Dow Jones U.S. Select Dividend Index closed at 25,385.80 for up with +0.41% percent or +102.80 point.